To:      Bucharest Stock Exchange (BSE)

            London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017, republished, on issuers of financial instruments and market operations, Regulation FSA no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 20 May 2025

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J2000007425408

Subscribed and paid in share capital: RON 3,395,530,040

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE), London Stock Exchange (LSE)

Significant events to be reported: DEER Litigation - Case no. 37417/3/2024

Electrica informs the shareholders that its subsidiary, Distributie Energie Electrica Romania S.A. (DEER), has been introduced as a party in case no. 37417/3/2024 pending before the Bucharest Tribunal. This case was initiated by Romcab S.A., a company in insolvency, in the judicial reorganization stage, as plaintiff, and has SPEEH Hidroelectrica S.A.  as the initial defendant.

We mention that the request of summons is not subject to the payment of the judicial stamp fee, as the applicant benefits from this exemption in the context of the insolvency proceedings.

 The object of the action is represented by the following claims made by Romcab:

1.   to order the defendant Hidroelectrica to return the amount of RON 17,035,525, representing the value of the payments made by Romcab and reversed by the defendant;

2.   to order the defendant Hidroelectrica, pursuant to art. 3 of G.O. no. 13/2011, to pay the penalty interest, calculated from the date of issuance of the reversal invoices and until the actual refund/payment of the amount claimed;

3.   order the defendants to pay the amount of RON 1,509,285,516.46 provisionally estimated, updated on the basis of the inflation index to which is added the legal penalty interest, calculated according to art. 3 of G.O. no. 13/2011, representing the equivalent value of the damage caused to Romcab, as a result of the repeated interruptions of the electricity supply and, at the same time, as a result of the supply/distribution of electricity at performance indicators that contravene the Standard for the electricity distribution service approved by ANRE.

The litigation is based on the tort civil liability for the alleged non-compliance with the performance indicators of the electricity distribution service, in accordance with the provisions of the Performance Standard approved by ANRE Order no. 46/2021.

Following the preliminary analysis of the application and in relation to the documents held by DEER (the request and grid connection permit, the grid connection certificate and the operating agreement), the following are found:

·    the user has assumed as the duration of establishing the energy supply the period necessary to remedy the faults in the system;

·    if the user owns equipment or installations for which the interruption of the energy supply may generate economic effects, it has the obligation to implement its own technological or energy solutions to avoid such events;

·    the interruptions occurred were within the limits provided by the Performance Standard, thus no monetary compensation was granted.

The company will come back with additional relevant information, to the extent that the evolution of the judicial procedure will require it.

Contact: [email protected] ; +40 731 796 111

CEO

Alexandru Chirita